MLchartDataset catalogue

Classified insurance

Term · Insurance and risk management · MLC-T-INS-000788

Insurance coverage provided for risks that fall outside standard underwriting guidelines due to their unusual or higher-than-average hazard. These risks are placed with specialty insurers or through surplus lines brokers who can offer tailored terms and conditions. Premiums for classified insurance are generally higher to reflect the increased risk exposure.

Table 1. Record
IdentifierMLC-T-INS-000788
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000788",
  "term": "Classified insurance",
  "field": "Insurance and risk management",
  "definition": "Insurance coverage provided for risks that fall outside standard underwriting guidelines due to their unusual or higher-than-average hazard. These risks are placed with specialty insurers or through surplus lines brokers who can offer tailored terms and conditions. Premiums for classified insurance are generally higher to reflect the increased risk exposure.",
  "url": "https://mlchart.com/terminology/insurance/classified-insurance/"
}

Record 578 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.